Tuesday 17 January 2012

KL shares higher at mid-afternoon

Shares on Bursa Malaysia were traded higher at mid-afternoon session Tuesday, tracking positive regional sentiments, dealers said.

At 3pm, the underlying FTSE Bursa Malaysia KLCI gained 3.60 points or 0.24 per cent to 1,512.66, after opening 0.55 point higher at 1,509.61.

A dealer said further gains were capped by losses on plantation counters on concerns over the euro zone debt crisis, higher-than-expected edible oil supplies and weak exports.

Furthermore, there are no positive news to spark fresh buying interest, the dealer said, adding that trading is likely to remain light ahead of the Chinese New Year holidays.

On the broader market, sentiments were bearish, with losers leading gainers 329 to 307 while 324 counters were unchanged. Turnover totalled 869.14 million shares worth RM949.81 million.

Proton was the actively-traded counter after Khazanah announced yesterday it was divesting its 42.7 per cent Proton stake to DRB-Hicom for RM5.50 per share or RM1.29 billion cash. Proton jumped 25 sen or 4.83 per cent to RM5.43.

Maybulk-Call Warrant gained six sen to 32 sen, E&O-Call Warrant rose three sen to 11.5 sen, while Compugates lost half a sen to 7.5 sen.

Among heavyweights, Maybank slid one sen to RM8.18, CIMB slipped three sen to RM7.16, while Sime Darby added one sen to RM9.09.

Bursa Malaysia's Finance Index rose 5.60 points to 13,378.32, the Industrial Index added 1.61 points to 2,776.79, while the Plantation Index slipped 4.81 points to 8,423.96.

The FTSE Bursa Malaysia Emas Index added 24.91 points to 10,439.22, the FTSE Bursa Malaysia Mid 70 Index jumped 31.78 points to 11,743.31 and the FTSE Bursa Malaysia Ace Index was 4.47 points higher at 4,269.96. -- Bernama



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